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Feb 27, 2013
02/13
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KRCB
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the u.s. economy is actually growing at probably about a 2% rate. so if the full sequester goes in and stays in place for the full year between now and the end of the year, then it's essentially what mr. bernanke is saying growth will be 1.5% instead of 2%. i doubt very much that's the way it's going to pan ot. entllysome kind of compromise will be worked out. but again the good news is that the u.s. consumers, u.s. businesses, are beginning to spend, are beginning to hire in the case of businesses, and that momentum seems to actually be picking up a little bit. so even in the worst case scenario we're not talking a recession. we're talking slower growth which isn't good... >> ifill: not good at a time when you're recovering. so when people look at this debate that's going on now, how do we look at it? do we look at it long-term, short term? o we look at the reality or the possibility? what is the greatest, most damaging part of this? >> well, i think the damaging part of it is, you know, this
the u.s. economy is actually growing at probably about a 2% rate. so if the full sequester goes in and stays in place for the full year between now and the end of the year, then it's essentially what mr. bernanke is saying growth will be 1.5% instead of 2%. i doubt very much that's the way it's going to pan ot. entllysome kind of compromise will be worked out. but again the good news is that the u.s. consumers, u.s. businesses, are beginning to spend, are beginning to hire in the case of...
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Feb 27, 2013
02/13
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KRCB
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workers there build ships for the u.s. navy. he said hundreds of thousands of jobs could be lost in virginia alone. the mandated cuts in defense and other areas were postponed when congress discussed a so-called fiscal cliff in december. congress has not come up with any measures to deal with deficits. and unless concessions are made, americans will have to bear the brunt of $85 billion in budget cuts. let's take a look at the markets now. first getting a check of ocks. tokyo stock prices are trading lower today. market watchers say investors remain concerned about italy's fiscal restructuring. meanwhile, sentiment is somewhat supported by tuesday's u.s. stock market gains as housing data exceeded market expectations. the nikkei, though, at the moment down over .8% at 11,302. that is down .8% from tuesday's close. now let's take a look at the currency markets, see what's happening there. now, the dollar is trading just slightly higher against the yen. sources say market players a buying the dollar due to an optimistic view on th
workers there build ships for the u.s. navy. he said hundreds of thousands of jobs could be lost in virginia alone. the mandated cuts in defense and other areas were postponed when congress discussed a so-called fiscal cliff in december. congress has not come up with any measures to deal with deficits. and unless concessions are made, americans will have to bear the brunt of $85 billion in budget cuts. let's take a look at the markets now. first getting a check of ocks. tokyo stock prices are...
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Feb 27, 2013
02/13
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KRCB
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agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. i'm sorry, there's something on your nose. it's a white...thing. he's my brother and he's no liar, so back off, francine. great...cut! (laughter) i know you like playing games, and i always try to do my best. so go to pbskidsgo.org and play awesome electric company games and earn points r your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for? >> this is nbr. captioning sponsored by wpbt >> tom: i'm tom hudson. susie is off tonight. federal reserve boss ben bernanke shows signs that the central bank will continue buying government bonds to help support the economy. the housing recovery continues building ground, with new home sales and home prices hitting multi-year highs. and the banking business may have fewer employees, but wall street bonuses are up, rising nearly 10% on average. tonight, a closer look at banking jobs. that and more tonight on nbr! the fed
agreement from the u.s. department of education's ready to learn grant, and viewers like you, thank you. i'm sorry, there's something on your nose. it's a white...thing. he's my brother and he's no liar, so back off, francine. great...cut! (laughter) i know you like playing games, and i always try to do my best. so go to pbskidsgo.org and play awesome electric company games and earn points r your favorite person, like me, hector. i mean, i'm your favorite, right? so what are you waiting for?...
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Feb 12, 2013
02/13
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KRCB
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the u.s. officials say we are doing our part. the british officials say we don't want to be the least tightening. and so in 2010, 2011 a whole bunch of the rich governments around the world all sort of tried to outdo each other in austerity. >> rose: here's george osborn the form-- this is a a political colleague of david cameron and the chancellor of the exchequer. here it is. >> look, obviously you got your own decisions to make about your fiscal problems. and your competitiveness issues and obviously your president and your congress are engaging in that at the moment. but in the u.k., we have done thal. we have got ahead of the curve. and you can see in measures, for example, of how competitive global economies are, that the u.k. is steadily becoming more and more competitive. >> rose: tre you g mo competitive. >> that's absolutely completely false. i mean the simplist two measures of competitiveness are how much net exports do you have, like you said the germans have been pretty good at. the pound went down a lot in 2008. net
the u.s. officials say we are doing our part. the british officials say we don't want to be the least tightening. and so in 2010, 2011 a whole bunch of the rich governments around the world all sort of tried to outdo each other in austerity. >> rose: here's george osborn the form-- this is a a political colleague of david cameron and the chancellor of the exchequer. here it is. >> look, obviously you got your own decisions to make about your fiscal problems. and your competitiveness...
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Feb 26, 2013
02/13
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KRCB
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rose: in less than four days $85 billion in aubling spending cuts will begin to ripple through the u.s. onomy. the impact will be felt across society from education, to medical care to national defense. the sequester deadline imposed in the summer of 2011 was intended to sharpern the government's focus on the fat debt. president obama pushed for a last minute compromise to lessen the economic damage. >> these impacts will not all be felt on day one. but rest assured the uncertainty is already having an effect. companies are preparing layoff notices. families are preparing to cut back on expenses. and the longer these cuts are in place, the bigger the impact will become. >> these cut does not have to happen. congress can turn them off any time with just a little bit of compromise. >> rose: steve rattner has had a distinguished career in journalism, business and government, instrumental in turning around the automobile industry, and currently chairman of advisors and the economic analyst for msnbc's morning joses and a regular contributer to the "new york times" and financial times. so i
rose: in less than four days $85 billion in aubling spending cuts will begin to ripple through the u.s. onomy. the impact will be felt across society from education, to medical care to national defense. the sequester deadline imposed in the summer of 2011 was intended to sharpern the government's focus on the fat debt. president obama pushed for a last minute compromise to lessen the economic damage. >> these impacts will not all be felt on day one. but rest assured the uncertainty is...
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Feb 27, 2013
02/13
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KQED
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hope the fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green. the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this." >> although a long period of low rates could encourage excessive risk taking, and continued close attention to such developments is certainly warranted, to this point, we do not see potential
hope the fed would continue its easy efforts to stimulate the economy had u.s. markets seeing green. the dow gained 116, the nasdaq is up 13, and the s&p rose nine. washington bureau chief darren gersh has details on the fed chairman's strong defense of his aggressive policy to support the economy. >> reporter: sure, there are risks when the federal reserve is buying almost $3 billion worth of bonds every day. but chairman ben bernanke told congress basically, "we got this."...
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Feb 2, 2013
02/13
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CSPAN2
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in addition the only way the u.s. government can run its massive deficit is because the federal us have the -- the fedee has the ability to create money and that creates a huge temptation for politicians. with republicans and democrats. i don't believe we can deal with physical policy until we deal with monetary policy. in the early two thousands, the federal reserve had been here a long time. he's getting ready to retire, he wants to go out on a good note. interest rates are starting to be lowered and it creates negative interest rates. you can borrow at less than the inflation rate. right at the end of the term, greenspan realizes that he screwed up and the interest rates create an inverted yield curve. that's a natural and on and on. what it is means that short-term rates are higher than long-term rates. if you're going to make an investment, it is riskier. only the federal reserve can do that. banks make money and created and voted yield curves. the banking business is quirky. which means you can get higher intere
in addition the only way the u.s. government can run its massive deficit is because the federal us have the -- the fedee has the ability to create money and that creates a huge temptation for politicians. with republicans and democrats. i don't believe we can deal with physical policy until we deal with monetary policy. in the early two thousands, the federal reserve had been here a long time. he's getting ready to retire, he wants to go out on a good note. interest rates are starting to be...
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Feb 24, 2013
02/13
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CSPAN2
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the interest rate now on u.s. government debt held by the public -- that's the part that matters, what is independence the trust funds doesn't matter because it's one government pot paying another government pot. but the pot held by the public is extraordinarily low. by historical standards. it -- i guess i said before it can only go up. it could go down a little more but it's basically at some point going to go up, and that -- i believe will happen slowly. i said this before but there's always a chance it happens rapidly -- is going to add hundreds of millions of dollars to the federal budget deficit. and it's not a question of, will this ever happen? it will happen. the question is only about the timing and as you suggest, that event, or the series of events, as it takes place, will wipe out a significant amount of deficit reduction that the congress is fighting so hard and come so grudgingly to achieve. this is not going to be a happy town when it comes to budgeting for a long time, i think. >> something else t
the interest rate now on u.s. government debt held by the public -- that's the part that matters, what is independence the trust funds doesn't matter because it's one government pot paying another government pot. but the pot held by the public is extraordinarily low. by historical standards. it -- i guess i said before it can only go up. it could go down a little more but it's basically at some point going to go up, and that -- i believe will happen slowly. i said this before but there's always...
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Feb 22, 2013
02/13
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CSPAN2
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the interest rate on u.s. government debt held by the public is the part that matters. what is inside the trust fund doesn't matter because it's one piping another government pot. the part by the public is extraordinarily low. i guess i said before can only go by. you wouldn't expect it. it's basically at some point going to go up and that event, which i believe will happen slowly. there's always a chance it happens rapidly is going to read hundreds of billions of dollars to the federal deficit. it's not a question of will this ever happening. it will happen. the question is only about the timing. as you suggest, that event or the series of events as it takes place will wipe out a significant amount of deficit reduction that the congress is fighting so hard and calm so grudgingly to achieve. this is not going to be a happy time when it comes to budgeting for a long time. >> that something else that could have been avoided. >> pricey mansion could have been avoided. i would draw a distinction between running deficits for no good reason. fighting wars without paying for t
the interest rate on u.s. government debt held by the public is the part that matters. what is inside the trust fund doesn't matter because it's one piping another government pot. the part by the public is extraordinarily low. i guess i said before can only go by. you wouldn't expect it. it's basically at some point going to go up and that event, which i believe will happen slowly. there's always a chance it happens rapidly is going to read hundreds of billions of dollars to the federal...
WHUT (Howard University Television)
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Feb 26, 2013
02/13
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WHUT
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a u.s. energy firm has agreed to retire three coal-fired power plant in a move environmentalists say will say more than 200 lives each year. american electric power also agreed to reduce emissions of new investments in wind and solar power as part of a landmark settlement reached with federal regulators, states and citizen groups. in addition to retiring plants in indiana, ohio, and kentucky, aep will pay $6 million to several eastern states hit by drifting pollution. coal plants supply nearly one- third of u.s. electricity and of the largest source of sulfur dioxide, mercury, and revolution. today marks the first anniversary of the death of unarmed african-american teenager trayvon martin. on february 26, 2012, the 17- year-old high school junior was shot dead in sanford, florida by george zimmerman, a self- appointed neighborhood watch volunteer who claimed was acting in self-defense. police initially refused to arrest zimmerman, but he was finally charged with second- degree murder after
a u.s. energy firm has agreed to retire three coal-fired power plant in a move environmentalists say will say more than 200 lives each year. american electric power also agreed to reduce emissions of new investments in wind and solar power as part of a landmark settlement reached with federal regulators, states and citizen groups. in addition to retiring plants in indiana, ohio, and kentucky, aep will pay $6 million to several eastern states hit by drifting pollution. coal plants supply nearly...
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Feb 28, 2013
02/13
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FBC
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the u.s. postal service®, no business too small. ah. 4g, huh? verizon 4g lte. 70megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses serve lited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? neil: now barack obama risks losing his base, not only envir
the u.s. postal service®, no business too small. ah. 4g, huh? verizon 4g lte. 70megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes. oh, why didn't you just say that? huh-- what is he doing? bjorn earns unlimited rewas for his small...
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Feb 28, 2013
02/13
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FBC
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. >> every time we have a hearing like this, we are seeing this u.s. national debt and political prop. >> the national debt clock will not be put on the screens during democratic time. neil: out of sight and out of mind. a ruling debt clock is a political ploy by republicans. republicans calling foul. my next guest says there is a party double standard. okay, they almost reminded me of vampires that you se. but the debt clock is what the debt clock is. spending more than a chilly in dollars and we are taking in. >> you know, the idea that people would object to this. it is too rich for my blood. i'm trying to reduce my cholesterol. the problem with the debt clock is not that it is showing up in congress, but that congress is racking up so much that that it doesn't even have time. it can't pass a budget because it's too busy sending us into the poor house. it's time to take it that seriously. economists, virtually every economist agrees that racking up too much debt and that to be a major drag on the economy and long-term economic growth. which is suppo
. >> every time we have a hearing like this, we are seeing this u.s. national debt and political prop. >> the national debt clock will not be put on the screens during democratic time. neil: out of sight and out of mind. a ruling debt clock is a political ploy by republicans. republicans calling foul. my next guest says there is a party double standard. okay, they almost reminded me of vampires that you se. but the debt clock is what the debt clock is. spending more than a chilly in...
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historic i mean correct me if i'm wrong but it seems like the bond bubble the sovereign bond bubble in the u.s. and the u.k. and we can call it a bubble is in a storage bubble and that and when that finally does burst like all bubbles do we'll see that inflation but it will come all the sudden. and that the very very end but in the meantime i. wouldn't like to confuse them on the beach and the bond speculated upon the vigilantes and like you know it's a popular movement. but the one spoke of this special with the experts the very very sharp i understand your point between a vigilante in a speculator the speculators this breed of the past ten or fifteen years with zero percent interest rates that has has created this enormous bond bubble price. that discoveries been destroyed and the tsunami of disinflationary cash will come into the into the market at some point but it will happen quite quite quickly it's all as a matter of fact i believe it's this is all been foretold in something called the austrian school of economics yes right ok so let's talk about the austrian school but i want to be ver
historic i mean correct me if i'm wrong but it seems like the bond bubble the sovereign bond bubble in the u.s. and the u.k. and we can call it a bubble is in a storage bubble and that and when that finally does burst like all bubbles do we'll see that inflation but it will come all the sudden. and that the very very end but in the meantime i. wouldn't like to confuse them on the beach and the bond speculated upon the vigilantes and like you know it's a popular movement. but the one spoke of...
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the same in the u.s. and that is that household incomes have lagged behind g.d.p. and productivity growth so here's your inflation for you all the g.d.p. growth this inflation is going to the financial pushers so the dark blue line on the bottom is median household income and that's barely risen in ten years as you can see red line is output per worker soaring light blue at the top is g.d.p. per person so it doesn't take a rocket scientist to see this is what's causing a lot of the strife in a billet easy for people to service their debts because they're not capturing any of the gains in the economy the inflation the benefits of inflation are going to the very top. that's a that's i'm saying they have the trolls and their clients under the bridge are grabbing all the money is a rolls off the press and they're stuffing in their pockets and a stock getting into the real economy incomes are deteriorating in the u.k. there are more jobs being created the last twelve months but these are part time jobs these are minimum wage jobs and they they are not generating the tax
the same in the u.s. and that is that household incomes have lagged behind g.d.p. and productivity growth so here's your inflation for you all the g.d.p. growth this inflation is going to the financial pushers so the dark blue line on the bottom is median household income and that's barely risen in ten years as you can see red line is output per worker soaring light blue at the top is g.d.p. per person so it doesn't take a rocket scientist to see this is what's causing a lot of the strife in a...
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the same in the u.s. and that is that household incomes have lagged behind g.d.p. and productivity growth so here's your inflation for you all the g.d.p. growth this inflation is going to the financial pushers so the dark blue line on the bottom is median household income and that's barely risen in ten years as you can see red line is output per worker soaring light blue at the top is g.d.p. per person so it doesn't take a rocket scientist to see this is what's causing a lot of the strife in a billet for people to service their debts because they're not capturing any of the gains in the economy the inflation the benefits of inflation are going to the very top. that's a that's i'm saying the the trolls and their clients under the bridge are grabbing all the money is a rolls off the press and they're stuffing in their pockets and a stock getting into the real economy incomes are deteriorating in the u.k. there are more jobs being created the last twelve months but these are part time jobs these are minimum wage jobs and they they are not generating the taxable income
the same in the u.s. and that is that household incomes have lagged behind g.d.p. and productivity growth so here's your inflation for you all the g.d.p. growth this inflation is going to the financial pushers so the dark blue line on the bottom is median household income and that's barely risen in ten years as you can see red line is output per worker soaring light blue at the top is g.d.p. per person so it doesn't take a rocket scientist to see this is what's causing a lot of the strife in a...
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Feb 26, 2013
02/13
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KICU
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italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime minister, mario monti, accounted for just around 10% of the vote. "bp was blinded by greed" and the castrophe was preventable. that's what attorneys figthing against the company had to say opening their remarks in the bp trial. bp attorneys contend multiple parties are responsible. the oil giant is on trial for thde explosion in the gulf of mexico back on april of 2010. 11 workers were killed and oil gushed into into the ocean for 3 months. behind the scenes, the department of jusitice reportedly has a $16- billion deal on the table. $6 billion would settle the clean water act
italy's elections for prime minister contributed to market moves in the u.s. the stock market was shaken by yesterday's news from italy that italian democratic leader pier luigi bersani shot ahead in exit polls. bersani's party opposes austerity measures, which brought fear back into the minds of u.s. investors, many concerned that italy's current debt load poses a threat to the eurozone and global economy. bersani is the secretary of the democratic party of italy. italy's outgoing prime...
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or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they mimic the central banker who's just doing like a cargo cult there mimicking an action oh oh you know do this do this so at every level whether it's government individual or corporate or banking sector we all do behave in this way we're putting like coke and earphones on and sitting up in a fabricated control tower and that is supposed to make us wealthy whether we're participating in a housing bubble or printing at the central bank or transacting member for the banking sector they think that just transacting
or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they...
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Feb 24, 2013
02/13
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WJLA
tv
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the u.s. economy in the second half wilbe stronger than in the first half. emerging markets are grabbing ahold, so the world is healing. it's becoming less bad, if i can put it that way. as a result, i want cyclicals. some industrials, some technology. an energy or material company here or there. in defensive, i like health care. they're the kinds of names, free cash flow oriented, that i think can win. >> great to have you. >> thanks, maria. >> see you soon. up next, we're on the money, a legendary hedge fund manager speaks out about entitlements and america's future. and the clock is ticking. the sequester deadline draws near. what washington is waiting for. plus, later, technology may be where the jobs are. what the sector's booming business means for local governments. i'll talk to new york's top tech geek. >>> legendary former hedge fund manager stanley drukenmiller and jeff canada teamedam up to rais awareness and warning about what they say is a much bigger problem than sequestration. that is the debt. this week, i spoke to them both about the bond ma
the u.s. economy in the second half wilbe stronger than in the first half. emerging markets are grabbing ahold, so the world is healing. it's becoming less bad, if i can put it that way. as a result, i want cyclicals. some industrials, some technology. an energy or material company here or there. in defensive, i like health care. they're the kinds of names, free cash flow oriented, that i think can win. >> great to have you. >> thanks, maria. >> see you soon. up next, we're on...
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or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and that created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they mimic the central banker who's just doing like a cargo cult there mimicking an action oh oh you know do this do this so at every level whether it's government individual or corporate or banking sector we all do behave in this way we're putting like earphones on and sitting up in a fabricated control tower and that is supposed to make us wealthy whether we're participating in a housing bubble or printing at the central bank or transacting member for the banking sector they think that just transacting because.
or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and that created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they...
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or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and that created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they mimic the central banker who's just doing like a cargo cult there mimicking an action oh oh you know do this do this so at every level whether it's government individual or corporate or banking sector we all do behave in this way we're putting like earphones on and sitting up in a fabricated control tower and that is supposed to make us wealthy whether we're participating in a housing bubble or printing at the central bank or transacting member for the banking sector they think that just transacting because.
or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and that created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they...
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or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they mimic the central banker who's just doing like a cargo cult they're limiting action oh oh you know do this do this so at every level whether it's government individual or corporate or banking sector we all do behave in this way we're putting like coke and earphones on and sitting up in a fabricated control tower and that is supposed to make us wealthy whether we're participating in a housing bubble or printing at the central bank or transacting member for the banking sector they think that just transacting be
or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they...
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or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they mimic the central banker who's just doing like a cargo cult there mimicking an action oh oh you know do this do this so at every level whether it's government individual or corporate or banking sector we all do behave in this way we're putting like earphones on and sitting up in a fabricated control tower and that is supposed to make us wealthy whether we're participating in a housing bubble or printing at the central bank or transacting member for the banking sector they think that just transacting because.
or in the u.s. they don't know what it means they don't know where shoes come from they don't know that there used to be a place called a factory where you made a shoe and the person making the shoe got a wage and they created capital that created something called free market capitalism they don't know anything about that anymore they just see goods arriving at the shops they just use debt and credit cards to buy those things and to get more of that debt into their system to buy more stuff they...
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and too big to fail but not too big to take billions of dollars of your money now u.s. senator wants answers as to why taxpayers are paying out eighty three billion dollars a year in subsidies to big banks are to look at the issue head. it's wednesday february twenty seventh they begin here in washington d.c. i'm liz wall and you're watching our t.v. we begin tonight with new developments in the case of aaron swartz in a recent closed door hearing regarding the computer fraud prosecution of the internet activist it was revealed by the justice department by a justice department representative swartz was indeed targeted because of his politics back in two thousand its warts and others laid out their views in a piece called the guerilla open access manifesto the manifesto according to the justice department demonstrated his intent and downloading content on a large scale earlier i was joined by swartz is a partner at the time terrence berkner kaufman is the executive director of some of us dot org and she started by giving us a little background on the manifesto. so was pu
and too big to fail but not too big to take billions of dollars of your money now u.s. senator wants answers as to why taxpayers are paying out eighty three billion dollars a year in subsidies to big banks are to look at the issue head. it's wednesday february twenty seventh they begin here in washington d.c. i'm liz wall and you're watching our t.v. we begin tonight with new developments in the case of aaron swartz in a recent closed door hearing regarding the computer fraud prosecution of the...
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thousand and eight you see the horror frog moment you see when ben bernanke ripped the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars of housing debt and three hundred billion. of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between six hundred billion dollars of mortgage backed securities and five hundred forty billion dollars of treasuries according to the median estimates of congress in the survey and g.d.p. in america is down just like g.d.p. all around the world is down real g.d.p. adjusted for ben bernanke ripping off his prosthetic limbs a fake mortgage backed securities and beating us up on the head with it is negative around the world we're living in a. frickin snow global fraud perpetrated by bernanke so hard up there in the heart of darkness. nothing but. in the amazing thing is that house prices the total stock of ho
thousand and eight you see the horror frog moment you see when ben bernanke ripped the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars of housing debt and three hundred billion. of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between...
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thousand and eight you see the horror frog moment you see when ben bernanke rips the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars. of housing debt and three hundred billion of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between six hundred billion dollars of mortgage backed securities and five hundred forty billion dollars of treasuries according to the median estimates of congress in the survey and g.d.p. in america is down just like g.d.p. all around the world is down real g.d.p. adjusted for ben bernanke you ripping off his prosthetic limbs of fake mortgage backed securities and beating us up on the head with it is negative around the world we're living in a. frickin snow global fraud perpetrated by bernanke the horror there is the art of dark. nothing but. in the amazing thing is that house prices the total stock of hou
thousand and eight you see the horror frog moment you see when ben bernanke rips the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars. of housing debt and three hundred billion of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between six...
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thousand and eight you see the horror frog moment you see when ben bernanke rips the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars. of housing debt and three hundred billion of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between six hundred billion dollars of mortgage backed securities and five hundred forty billion dollars of treasuries according to the median estimates of congress in the survey and g.d.p. in america is down just like g.d.p. all around the world is down real g.d.p. adjusted for ben bernanke you ripping off his prosthetic limbs a fake mortgage backed securities and beating us up on the head with it is negative around the world we're living in a. frickin snow global fraud perpetrated by bernanke so hard up there in the heart of darkness. nothing but. the amazing thing is that house prices the total stock of h
thousand and eight you see the horror frog moment you see when ben bernanke rips the leg off of the u.s. financial markets and currency system because in the first round of purchases begun in two thousand and eight the fed bought one point four trillion dollars. of housing debt and three hundred billion of treasuries and the second round beginning in november twenty ten the fed but six hundred billion dollars of treasuries in the current round the fed's total purchases will be split between six...
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should i as head of the u.s. justice department charge them with a crime or how about president obama when asked why his justice department had done nothing against the criminals responsible for the small ring wreck of a financial system right there in front of his own two eyes asks well were the bankers just taking advantage of loopholes that's just like destructive impact caused by bankers wasn't necessarily illegal was it they say. indeed max that we see these destructive impacts around the world in the elite circles and every single time they ask they act like a moronic jury that doesn't understand the concept of guilt or innocence and yet they're not dismissed from their role as a juror they don't even qualify to be on the jury on any case in the u.k. and here we have a libel or settling still not clean despite scandal so this is gary gensler chairman of the commodity futures trading commission one of the people one of the regulators overseeing live war rate setting in the bankers that control that he sugges
should i as head of the u.s. justice department charge them with a crime or how about president obama when asked why his justice department had done nothing against the criminals responsible for the small ring wreck of a financial system right there in front of his own two eyes asks well were the bankers just taking advantage of loopholes that's just like destructive impact caused by bankers wasn't necessarily illegal was it they say. indeed max that we see these destructive impacts around the...
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. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture e
. >> susie: the u.s. government wants as much as $5 billion from standard and poors, officially accusing the credit ratings agency of fraud during the housing boom. >> tom: and earnings from a trio of consumer stocks finds us spending money on eating out and watching tv. >> susie: that and more tonight on "n.b.r." >> tom: a bold new chapter for computer maker dell was opened today. michael dell said today he's taking the company he founded almost 30 years ago...